S&P bear flag - Beginning of something bigger?

The technicals are quite depressing for the SPX. Bear flag is broken. The previous correction easily could be just a dead cat bounce and now go to the deep. Some other assets are also support a bigger downtrend (at least for few months). We will see. What do you think?
Chart Patternssandp500SPX (S&P 500 Index)S&P 500 (SPX500)spxshortTrend Analysis

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